Introduction

• As part of its anti-money laundering efforts, we implement restrictions on certain client deposits and withdrawals. These restrictions apply to transfers associated with countries considered to have elevated AML risk and consider factors such as the client’s residency, the withdrawal destination and the denomination of the currency being transferred…

The following restrictions apply to ACH deposits:

• ACH deposits are limited to $100,000 over seven business days. Same day ACH deposits are limited to $100,000.
• Eligible US clients of US Financial Advisors have an ACH deposit limit of $250,000 over seven business days…

ACH transfers, while electronic, function similarly to checks as funds are not guaranteed upon receipt. ACH deposits received before 2pm EST are subject to a 4-business-day hold period from the value date, while those received after 2pm EST require a 5-business-day hold. This ACH deposit credit hold is systematically released when the US regular market opens on the respective fourth or fifth business day following the transaction…

When depositing funds from a Wise account to your IBKR trading account, please be aware of the following:

Credit Hold Period…

Interactive Brokers (IBKR) implements certain restrictions on client deposits as part of its anti-money laundering efforts and to ensure account security. These restrictions are important to understand before attempting to fund your account. Here are the key points to consider:…

The Withdrawal Hold Period is the number of days before the customer may withdraw the funds deposited. The Withdrawal Hold Period begins on the Entry Date and ends after the close of business of the relevant day.

For example, six business days means withdrawal can be submitted on the seventh business day…

The Withdrawal Hold Period is 3 business days (you may withdraw funds after 3 business days). A wire cannot be internally transferred during the 3 days hold period.

Additional Information…

How to transfer my Plan d'épargne en actions (PEA) account from my existing financial institution? 

The PEA Transfer Position screen allows you to move your PEA account (Cash and Securities) from your current financial institution that carries your existing PEA account to IBKR. Your financial institution and IBKR will coordinate the transfer upon your entry of our transfer-in request form and any required information needed by your financial institution, such as complete forms or other verification requirements. Please contact your current PEA service provider and follow their guidelines for initiating the transfer to IBKR…

An Online Bill Pay can be sent by your bank as an electronic payment or as a physical check.  The method your bank chooses is out of IBKR's control. In the event the sending institution sends a check to IBKR, our standard six business day hold policy will apply. This policy was implemented to protect against preventable losses due to reversals. A check deposit may be reversed for several reasons, including but not limited to, insufficient funds, stop payment, and invalid and/or missing information. Clients are encouraged to send funds via a bank check or a wire if they wish for immediate availability of funds…

EFT requests received by 09:30 ET, will be credited to your account after five business days under normal circumstances. 

Funds may be withdrawn after the five day credit hold. If funds are withdrawn to a bank other than the originating bank/instruction, a 66-business-day withdrawal hold period will be applied…

Although during the withdrawal hold period it is possible to execute currency conversions, you are not allowed to withdraw the newly converted funds before the withdrawal hold period expires.

An amount equivalent to the original deposit can not be withdrawn or transferred internally until the hold period expires…

Under normal circumstances, wire transfers will credit to your account immediately upon arrival.

Funds are available for withdrawal after three business days…

It depends upon the method of deposit. In the case of deposits made via ACH, interest accrues from the date the deposit arrives through the four-business day credit hold period after which it is credited to the account. In the case of check deposits (other than Bank Checks), no interest is accrued during the credit hold period. Bank Checks and wire transfers are credited to the account effective upon receipt and are therefore not subject to any credit hold…

IB HK clients who selected this option will have the following funding restrictions:

• Deposits/Withdrawals are restricted to successfully linked HK bank accounts
• Deposits/Withdrawals can only be made in the following currencies; HKD, CNH, USD…

Due to changes implemented on October 7th, 2024 to reimbursement requirements for Authorized Push Payments, funds deposited through BACS and Faster Payments (FPS) can only be withdrawn to the bank from which the deposit was made for 180 calendar days after deposit…